The impact of green fiscal policies on Economic growth in Pakistan

Abstract

The trend of green fiscal policies is increasing in many developing countries in the contemporary world. This paper tends to investigate the impact of green fiscal policies on economic growth in Pakistan. In this accordance, this study investigates the impact of two significant aspects of green fiscal policies known as investment in renewable energy resources (IRE) and green innovation (GI) on economic performance (EP). In addition to it, the mediating impact of environmental attitude (EA) has also been examined on the association of IRE and EP and GI and EP. To efficiently reach a reliable conclusion, quantitative methodology (mention method which you have used in it) has been utilized in this paper on the basis of which survey has been taken from economic experts in Pakistan. The analysis has been done by using SPSS (no need to include about software) and the findings of the study indicate that IRE and GI significantly impact economic performance in Pakistan. EA significantly mediates the association between IRE and EP however the mediating impact of EA on GI and EP is not significant. The respective findings imply that in terms of green fiscal policies IRE and GI can be promoted with positive EA as these determinants have extensive potential to improve economic growth in Pakistan. The results of this study offer significant implications for practitioners of economic institutes, policy-makers, and research scholars.